VentureSouq Secures Strong Backing for Second FinTech Fund
VentureSouq, a leading venture capital firm based in the GCC, has officially announced the close of its second FinTech Fund (FinTech Fund II), reinforcing its role as one of the […]
MENA
$525M deal strengthens Property Finder’s regional presence
Property Finder, the leading real estate platform in the Middle East and North Africa (MENA), announced that it has secured a $525 million investment in a landmark transaction led by
Goldtag Grows 10x with Series A Funding
Goldtag, a digital asset developer that enables trading precious metals via blockchain technology and integrates its system into multiple platforms, has raised $10 million in Series A funding. The round
Shahbandr Launches Region’s First E-commerce AI Kit
RIYADH, SAUDI ARABIA: Shahbandr, the leading e-commerce enabler in Saudi Arabia and the MENA region, has announced the launch of “Shahbandr AI”, the region’s first fully integrated Generative AI Kit
Second Batch of Sanabil Accelerator by Orbit to Showcase in Riyadh
Riyadh, Saudi Arabia – Sanabil Accelerator by Orbit, a joint initiative between Sanabil Investments, wholly owned by the Public Investment Fund, and Orbit Startups, has announced the Demo Day for
Launch of Two Investment Funds to Support Startups in Saudi Arabia and the Region Under Saudi-UK Investment Agreements
During the closing conference of the GREAT FUTURES initiative, the launch of two investment funds was announced to support startups in Saudi Arabia and across the Middle East and North
SHEBA JOY Secures USD 293K Pre-Seed Investment Led by Merak Capital”
SHEBA JOY, a Saudi mobile gaming studio, announced that it has raised USD 293,000 in a Pre-Seed investment round led by Merak Capital.The new funding will fuel expansion of production
Spoilz Secures Strategic Investment from Merak Capital and Impact46 to Boost Saudi Gaming Industry
Riyadh, Saudi Arabia – Spoilz, a Saudi game development company renowned for its culturally resonant multi-platform titles, has secured strategic investment with participation from Merak Capital, Impact46, and other investors.
Uncovered Fund & Monex Ventures Launch $20M Investment Fund for Startups in MENA & Africa
Uncovered Fund and Monex Ventures have announced the launch of a $20 million venture capital fund named the Uncovered Monex Africa Investment Partnership, aimed at backing early-stage startups across the
Egypt’s Zaher AI raises $150K and joins Meska Venture Studio to pioneer Generative Engine Optimization
Cairo, Egypt – Zaher AI, the Egyptian startup specializing in Generative Engine Optimization (G.E.O.), has raised $150,000 in a funding round with participation from angel investor Dr. Ahmed Samy, founder
Starvania Studios raises $1.1 million from Merak Capital and Impact46 to accelerate Saudi gaming innovation
Riyadh, Saudi Arabia – Starvania Studios, the award-winning indie game development studio, has secured a $1.1 million strategic investment from Merak Capital and Impact46. The funding will enhance the studio’s
Jahez secures $40 million Sharia-compliant credit facility from National Bank of Bahrain
Saudi Arabia’s Jahez International Company for Information System Technology (Jahez) has secured a 150 million riyals ($40 million) Sharia-compliant credit facility from the National Bank of Bahrain. The facility, structured
Gathern Raises $72 Million in Series B Round Led by Sanabil Investments at Over $266 Million Valuation Ahead of Saudi IPO
Saudi-based alternative hospitality platform Gathern has announced the successful closure of its Series B funding round worth SAR 270 million (USD 72 million), led by Sanabil Investments, a company fully
Robinhood applies for Dubai license to drive MENA expansion
Robinhood Markets Inc. (NASDAQ: HOOD), the U.S.-based neobroker behind the popular trading app, has applied for a Category 4 license from the Dubai Financial Services Authority (DFSA). Once approved, the
Bahrain launches 9th cohort of “Rise” program to empower entrepreneurs, featuring 10 local startups
Manama, Bahrain – August 17, 2025 – Spring Ventures Services, supported by Tamkeen, has announced the launch of the 9th cohort of the “Rise: Fundraising Program”, an intensive two-week training
Shahbandr and Tamara Partner to Empower Over 18,000 Online Stores with Flexible BNPL Solutions
Shahbandr, a leading enabler of e-commerce and digital transformation in Saudi Arabia and the wider MENA region, has announced a strategic partnership with Tamara, the region’s foremost provider of Buy
“Talabat” Posts $982 Million in Q2 Revenue and Raises 2025 Full-Year Guidance
Talabat Holding plc, the leading on-demand online ordering and delivery platform in the Middle East and North Africa, has announced robust financial and operational results for Q2 2025, driven by
Alaan Secures $48M to Lead Spend Management in the Middle East
Alaan, the Middle East’s leading spend management platform, has raised $48 million in Series A funding led by Peak XV Partners (formerly Sequoia Capital India & SEA). Other participants included
Bahrain’s Mumtalakat Acquires Stake in BlueFive Capital to Bolster Presence in Private Equity
BlueFive Capital, a leading Abu Dhabi-based private equity firm, today announced that Bahrain Mumtalakat Holding Company, the Kingdom’s sovereign wealth fund, has acquired a stake in the firm, reinforcing Mumtalakat’s
Wuilt Raises $2M to Expand Free Ecommerce Platform for Merchants
Wuilt, the ecommerce enablement platform headquartered in Cairo, has announced the successful closing of a $2 million funding round, led by follow-on investments from Flat6Labs and MTF VC. The round
Kamco Invest supports Foodics’ expansion through strategic client-backed investment in $170M funding round
Kamco Invest, a leading regional non-banking financial services company headquartered in Kuwait, announced that its Private Equity team has invested in Foodics, the MENA region’s leading restaurant and payments technology
Roomz.rent Closes Initial Round to Expand Smart, Flexible Living Across the Region
Roomz.rent, the MENA region’s first co-living platform, has successfully closed its pre-seed funding round led by Qora71, a Hub71-based angel investor syndicate, along with other angel investors. Born in Cairo,
Darwinz AI Raises $325K in Its First Institutional Funding Round
Darwinz AI, a Saudi-Egyptian startup, has raised $325,000 in its first-ever institutional funding round, led by Flat6Labs KSA and Glint Ventures. Founded in Egypt in 2021 by Emad Elazhary and
MTNC Invests in BKS to Boost Circular Fashion Economy in MENA
Move the Needle Consultancy (MTNC), a consultancy firm specializing in e-commerce, has announced its investment in Best Kept Shared (BKS) — the UAE’s first platform dedicated to the rental and
Khwarizmi Ventures unveils new $120M investment fund
Riyadh, Saudi Arabia — Khwarizmi Ventures, a prominent venture capital firm in the MENA region, has announced its plan to launch a second investment fund worth between $100 million and
Carta Secures Financial Services Permission from ADGM to Expand Across MENA
Carta, the world’s leading software platform for private capital, has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
Classy Games Studios Secures Strategic Investment from Merak Capital & Exel by Merak in Saudi Arabia
Dubai, Abu Dhabi, Belfast | May 13, 2025 – Classy Games Studios, a game development company based in Northern Ireland and the UAE, has officially announced a strategic investment from
Nawy Raises $75 Million in One of the Largest Series A Rounds in the Middle East and Africa
Nawy, Egypt’s leading digital real estate platform, has announced the successful closure of a $75 million Series A funding round, marking one of the largest investments of its kind across
NymCard Licensed by UAE Central Bank to Launch Open Finance Services.
NymCard, the MENA region’s leading embedded finance platform, has officially received a license from the Central Bank of the UAE (CBUAE) to provide Open Finance services, in line with the
Nama Ventures Secures CMA License to Launch Investment Management Operations in Saudi Arabia
On May 4, 2025,Nama Ventures Capital Co, one of the first foreign venture capital firms to be fully regulated under Saudi Capital Markets law, has officially received approval from the
Fuze Secures $12.2M Series A Funding Led by Galaxy and e& Capital to Expand Digital Asset Infrastructure
Dubai, UAE — April 2025 — UAE-based Fuze, a fast-growing digital assets infrastructure firm, announced today the successful completion of a $12.2 million Series A funding round, bringing its total
DeepL Launches Arabic Document Translation Tool to Empower Business Efficiency Across MENA
Dubai, UAE – April 30, 2025 – DeepL, a global leader in Language AI, has announced the launch of its Arabic Document Translation tool, designed to streamline high-quality document translation
iMENA Group Raises $135 Million and Becomes Saudi Joint Stock Company Ahead of IPO
iMENA Group, a regional leader in building and operating digital platforms in the Middle East and North Africa, announced the successful completion of a $135 million capital raise in the
Ottu and HyperPay partner to advance the digital payments ecosystem across the MENA region
Riyadh, KSA – April 24, 2025: Ottu, a regional fintech leader, has announced the signing of a strategic partnership agreement with HyperPay, one of the leading providers of digital payment
Yango Play Expands Its Entertainment Reach with PlayStation Launch via Sony Partnership
Yango Play, the all-in-one entertainment super app, has announced a strategic partnership with Sony to officially launch its app on PlayStation 4 and PlayStation 5 consoles across the MENA region.
Fuse, the Cross-Border Payments Solutions Company, Raises $6.6M in Seed Funding
Fuse, the UAE-based cross-border payments solutions company, has announced the successful close of a $6.6 million seed funding round. The round was led by Northzone, the European investment firm known
SHAHID Surpasses SAR 1 Billion in Revenue for 2024, Cementing Its Position as the Leading Streaming Platform in MENA
SHAHID, the streaming platform owned by MBC Group, has surpassed SAR 1 billion in revenue in 2024, reinforcing its position as the largest Arabic streaming platform and the top entertainment
Warner Bros. Discovery Invests $57M in OSN+ to Boost MENA Streaming and Local Content
In a strategic move to strengthen its foothold in the Middle East’s booming streaming market, Warner Bros. Discovery (WBD) has acquired a 30% equity stake in Dubai-based OSN+, the flagship streaming platform of OSN Group, for $57
Yango Ventures Launches $20 Million Fund to Support Startups in Africa and Beyond
Yango Group, a leading technology company, has announced the launch of a new institutional investment fund named “Yango Ventures” with a value of $20 million. The fund aims to support
Ibtikar Fund Invests in MENA Analytics for Market Research and Data Analysis
Ibtikar Fund, based in Palestine, has announced its investment in MENA Analytics, a company specializing in market research and data analysis. The company aims to transform how businesses in the Middle
Mastercard and LikeCard Launch Family Banking Solution to Promote Financial Literacy and Responsible Spending
Mastercard and LikeCard, a leading e-commerce prepaid card platform in the Middle East and North Africa (MENA) region, have partnered to launch an innovative family banking solution designed to enhance financial literacy
FORAS Acquires 36% of Bahraini Crowdfunding Platform “Beban”
FORAS AI, a leading investor in innovative startups across the Middle East and North Africa, has announced the acquisition of a 36% stake in the Bahraini crowdfunding platform “Beban“, licensed